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    Divya P Gadaria
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    This document provides information about sole proprietorships, including its meaning, how to start one, features, advantages, disadvantages, suitability, and examples. A sole proprietorship is a business owned and run by one individual, with no legal distinction between the owner and the business. It has advantages like ease of formation, tax benefits, and quick decision making, but also disadvantages like unlimited liability, limited capital and skills. Sole proprietorships are suitable for businesses requiring personal customer attention or small retail stores serving local needs. Walmart is provided as a real-world example of starting as a sole proprietorship.

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    ppt by students

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    GROUP 1

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    This document provides information about sole proprietorships, including its meaning, how to start one, features, advantages, disadvantages, suitability, and examples. A sole proprietorship is a business owned and run by one individual, with no legal distinction between the owner and the business. It has advantages like ease of formation, tax benefits, and quick decision making, but also disadvantages like unlimited liability, limited capital and skills. Sole proprietorships are suitable for businesses requiring personal customer attention or small retail stores serving local needs. Walmart is provided as a real-world example of starting as a sole proprietorship.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views12 pages

    Group 1

    Uploaded by

    Divya P Gadaria
    This document provides information about sole proprietorships, including its meaning, how to start one, features, advantages, disadvantages, suitability, and examples. A sole proprietorship is a business owned and run by one individual, with no legal distinction between the owner and the business. It has advantages like ease of formation, tax benefits, and quick decision making, but also disadvantages like unlimited liability, limited capital and skills. Sole proprietorships are suitable for businesses requiring personal customer attention or small retail stores serving local needs. Walmart is provided as a real-world example of starting as a sole proprietorship.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 12

    B.V.

    PATEL
    INSTITUTE OF BMC
    &IT
    TOPIC:SOLE - PROPRIETORSHIP
    NAMES
    Mahyavanshi Mitali
    Patel Vruti

    ID NO
    15FYBBA67
    15FYBBA68

    Patel Hiren
    Rathod Mihir

    15FYBBA69
    15FYBBA70

    MEANING
    A sole proprietorship also known as the
    SOLE TRADER or simply a proprietorship , is
    a type of business entity that is owned and
    run by one natural person and in which
    there is no legal distinction between the
    owner and the business.

    HOW TO START
    UP?

    Planning
    Investment
    Team work
    Ideas
    Resources
    Strategy
    Product

    FEATURES

    One man ownership.


    No separate legal entity.
    No separation between ownership and
    management.
    Unlimited liability.
    All profits or losses to the proprietor.
    Less formalities.

    ADVANTAGES

    Ease of formation
    Tax benefits
    Employment
    Decision making
    Own business
    Quick decision making

    DISADVANTAGE
    S

    Wrong dicision making


    Unlimited liabilities
    More hard work
    Limited capital
    Limited creativity
    Limited skills

    SUITABILITY

    When personal attention to customers is


    required
    For professional job like accounting &
    health care
    For running small retail stores
    To satisfy local needs

    REAL EXAMPLE OF SOLE


    PROPRIETORSHIP

    Walmart is an american multinational


    retail coorperation that operates a chain
    of hyper markets, discount department
    stores & grocery stores .
    Head quator at united states & the
    company was founded by SAMWALTON in
    1962.

    THANKYOU

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